When the first part of the MSCI upgrade took place in May, share trading in Saudi Arabia leapt to almost $8bn in a single day
Saudi stock market
Aramco IPO
Saudi stocks gauge ends on a high despite Sabic drop
Sabic is the third-largest individual constituent of the main Saudi gauge
Bond sale
Investors in Saudi markets cautious as a $20bn wave crests
The bulk of the estimated $20bn in inflows from Saudi Arabia’s ascension to two key developing-nation equity indexes would materialise by end-August, according to EFG-Hermes
MSCI Emerging Market Index
Saudi Arabia’s Tadawul posts profits rise to $75.9m
Profits rise follows upgrading of Saudi Stock Exchange to emerging market status and was included on three global index providers
initial public offerings
Saudi finance firm plans IPO to grow portfolio
Nayifat Finance Company announces intention to proceed with an initial public offering on the main market of the Saudi Stock Exchange
Emerging Markets
Saudi Arabia’s MSCI inclusion set to boost foreign investment
Experts say MSCI move is an important step in driving more foreign investment to the kingdom
Emerging Markets
Saudi stock euphoria is unwinding as the end of catalyst nears
As index compiler MSCI starts adding Saudi stocks to its EM benchmark as of the close of May 28, passive flows are expected to flock to Riyadh
Arabian Centers Company
Goldman Sachs to test Saudi rules to limit stock swings post IPO
Arabian Centres is set to debut amid a bout of volatility in the Gulf as geopolitical tensions spill over into equity markets
emerging market
MSCI adds Saudi to emerging-market indexes
MSCI said the Saudi stocks will join its indexes as of the close of trading on May 28
emerging market
Foreign investors again the main buyers of shares in Riyadh
Buying activity should escalate later this month, when MSCI follows FTSE Russell’s inclusion of the kingdom in its emerging-market benchmarks
Al Rajhi Bank
Banks drag Saudi stocks down by most this year ahead of Ramadan
Al Rajhi Bank and National Commercial Bank, which account for about a quarter of the index, were the biggest contributors to the Tadawul All Share Index’s 1.7 percent loss.
Arabian Centers Company
Saudi’s Fawaz Alhokair Group seeks $836m from mall unit IPO
Arabian Centres, which operates 19 shopping malls in Saudi Arabia, is valued at $4.1bn
emerging market
Saudi bourse chief says foreign investors will triple by 2022
Energy Minister Khalid Al-Falih said Saudi Aramco may access the equity markets ‘sooner than you think’
Arabian Centers Company
Saudi Arabia’s Fawaz Alhokair targets $1bn from IPO of mall unit
Fawaz Alhokair Group will use the proceeds to reduce debt., according to CEO Olivier Nougarou
Emerging Markets
Investors joining Saudi stocks’ big moment have to pay a premium
Saudi Arabia’s $568bn stock market – Tadawul – has been attracting foreigners as they position for the inclusions by MSCI, over two tranches, and by FTSE Russell
BlackRock
Saudi shares overtake Turkey as destination for US funds
The amount of money that US-based investors are pouring into Saudi Arabian equities has overtaken flows into Turkish stocks
FTSE Russell
Foreigners spend record on Saudi shares as Tadawul upgrade begins
First phase of Saudi Stock Exchange’s inclusion into the FTSE Russell and S&P Dow Jones Indices starts